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Friends Fiduciary Corporation Records

 Collection — Multiple Containers
Identifier: QM-Phy-200

Scope and Contents

The Friends Fiduciary Corporation Records includes four linked organizations: the [Hicksite] Trustees of the Philadelphia Yearly Meeting (1898-1975), the [Orthodox] Friends Fiduciary Corporation (1920-1975), and the Fiduciary Corporation of Philadelphia Yearly Meeting (1975-2001) which renamed itself as Friends Fiduciary Corporation in 2001.

Records for each organization include minutes and annual reports, and some committee records and historical information relating to the many grants and funds managed by the Corporation. A large portion of the collection is financial records like ledgers and cash books.

Minutes and annual reports are comprehensive through 1993 and 2005, respectively. Of interest include records related to Quaker philanthropist Anna Jeanes's complicated bequest over the decades, including related to what is now Temple University's Jeanes Hospital. There is also documentation of the Fiduciary Corporation's response to increasing demands to divest from South Africa in the early 1980s.

Dates

  • 1889-2005

Creator

Limitations on Accessing the Collection

The collection is open for research. Some of the financial materials in this collection with implications for personal privacy have restricted access. Details available in the Repository.

Copyright and Rights Information

Copyright has not been assigned to the Repositories. All requests for permission to publish or quote from manuscripts must be submitted to the individual Meeting or its successor. Permission for publication is given on behalf of the Repositories as the holder(s) of the physical items and is not intended to include or imply permission of the copyright holder, which must also be obtained by reader.

Biographical / Historical

The Trustees of the Philadelphia Yearly Meeting (1898-1975) and the Friends Fiduciary Corporation (1920-1975) merged to form the Fiduciary Corporation of the Philadelphia Yearly Meeting of the Religious Society of Friends in 1975. That body reorganized as Friends Fiduciary Corporation in 2000, separating from the separately incorporated Philadelphia Yearly Meeting.

The Trustees of Philadelphia Yearly Meeting of Friends was a corporation formed in 1898 to hold property and execute trusts of Philadelphia Yearly Meeting (Hicksite), its subordinate members, and certain related organizations. Its members were appointed by the Yearly Meeting.

The Friends Fiduciary Corporation was chartered in 1920 to receive, hold, and administer real and personal property and to execute trusts of the Orthodox branch of Philadelphia Yearly Meeting. The two groups remained separate after the 1955 reunification of the Orthodox and Hicksite branches until the creation of the Fiduciary Corporation of Philadelphia Yearly Meeting.

Friends Fiduciary primarily manages and invests funds entrusted to it by Friends meetings and organizations. The Corporation's mission statement centers Quaker principles, and it identifies as participating in "shareholder advocacy" on behalf of Quaker values. In addition to investment, the Corporation also holds title (without management responsibilities) to a number of Quaker properties. It manages more than $600 million in assets on behalf of hundreds of Quaker organizations.

Extent

42 Linear Feet

Language

English

Overview

Records of the Quaker investment company Friends Fiduciary Corporation (2001- ) and its predecessor organizations, the Trustees of the Philadelphia Yearly Meeting (1898-1975), the Friends Fiduciary Corporation (1920-1975), and the Fiduciary Corporation of Philadelphia Yearly Meeting (1975-2001).

Arrangement

The collection is grouped in three parts, according to the organization that created the records. The first group, the originally Hicksite Trustees of he Philadelphia Yearly Meeting (1898-1975), includes Series 1-4. The second grouping, the originally Orthodox Friends Fiduciary Corporation (1920-1975), includes Series 5-7. The final grouping is the united Fiduciary Corporation of Philadelphia Yearly Meeting (1975-2001) and the reorganized Friends Fiduciary Corporation (2001- ).

Within each organizational grouping, there are series for minutes/annual reports, correspondence, committee records, and financial records (like ledgers and cash books).

A final Series 12 includes historical fund reference information that crosses across several creating bodies.

Physical Location

This collection includes records stored at the Friends Historical Library of Swarthmore College and at the Haverford College Quaker & Special Collections. Please contact friends@swarthmore.edu for more information on depositing new records.

Immediate Source of Acquisition

Deposit

Related Materials

The financial records of Philadelphia Yearly Meeting's Meeting House Trust Funds Committee are described separately in QM-Phy-223, and the records of Philadelphia Yearly Meeting's Finance Committee and Treasurer are described in QM-Phy-325.

Title
Philadelphia Yearly Meeting Records: Trustees and Friends Fiduciary Corporation
Date
2004
Description rules
Describing Archives: A Content Standard
Language of description
English
Script of description
Latin
Language of description note
English

Find It at the Library

Most of the materials in this catalog are not digitized and can only be accessed in person. Please see our website for more information about visiting or requesting reproductions from Quaker Meeting Records at Haverford College Quaker & Special Collections and Friends Historical Library of Swarthmore College Library